The MarketBeat Podcast

Production Line Trading - How it Can Work For You


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This week, Kate sits down with stock trader Phil Newton, who outlines his swing-trading process using moving averages, and explains why he likes to keep his process simple. He also explains why he ignores news events, preferring to focus just on the charts.

-Why Phil is agnostic to economic new, the Federal Reserve and fundamental factors, and focuses on technicals

-How Phil looks for certain levels on the charts
-What moving averages Phil uses as his frame of reference
-Why having opinions on the market could actually be detrimental to your trading
-Why Phil believes news just speeds up what was already happening with a stock
-What is Phil’s screening process? What characteristics is he looking for?
-Why is a well-known liquid, large-cap stock not a good fit for Phil’s strategy?
-How Phil minimizes the stress time-consuming nature of trading
-Why Phil works from a small basket of stocks in a watch list, and is patient waiting for the setup
-Why Phil is bullish on the energy sector at the moment
-How Phil uses moving averages and trend lines in a very specific way
-Why Phil uses options instead of going long stock
-Why using options rather than stops gives a trader more time for a thesis to play out
-Why it’s important to keep your portfolio size limited
-Why traders can masker the skill of options trading

Stocks mentioned in this episode:

LNG - Cheshire Energy

PEP - PepsiCo
HAL - Halliburton
PXD - Pioneer Natural Resources
AAPL - Apple

How to access Phil’s chart setups:

ProductionLineTrading.com

Links mentioned in this episode:

https://www.marketbeat.com

This podcast is hosted by ZenCast.fm

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The MarketBeat PodcastBy MarketBeat.com